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Friday, May 18 • 10:45am - 12:15pm
B3a-Late-life Disability, Homeownership, Wealth and Mortality

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Patryk Babiarz, Tansel Yilmazer - This paper uses data from the Health and Retirement Study to investigate when the older homeowners suffering from late-life disability exit from homeownership and how this exit influences their total wealth and mortality. Findings from estimations that control for individual fixed effects show that older households continue to be homeowners unless they need assistance with five or more activities of daily life. On the other hand, those needing help with two or more instrumental activities of daily life leave homeownership. When older adults with late-life disability exit homeownership, they do not experience any increases in financial or non-housing assets. Mortality among households needing assistance with instrumental activities of daily life is lower for those who exit homeownership relative to those who keep their homes.

Presenters
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Tansel Yilmazer

Associate Professor, Ohio State University


Friday May 18, 2018 10:45am - 12:15pm
Sand Key

Attendees (1)